Labatt USA's corporate headquarters is moving to the historic Cobblestone District building and will become a mixed use facility.
The building, acquired by Pegula Sports & Entertainment (PSE), is 77,000 square feet and comprised of residential space and commercial space, and will house the first ever Labatt brewery and restaurant on the ground floor.
"Upon completing the purchase of this historic property, our team thoroughly examined the needs of the Cobblestone district and its surrounding area," said Russ Brandon, PSE's managing partner and president. "We determined that there is a great need for another regional attraction that also features a permanent residential component. Thanks to our partners at Labatt USA, we are going to open a destination that appeals to community members from Western New York and beyond, creating a far-reaching impact."
The five-story building located on the corner of Illinois and Perry Streets (79 Perry, just across from the KeyBank Center) currently houses Hi-Temp Fabrication Inc. which is expected to relocate later this year, according to Buffalo Business First.
The Buffalo Business First article says work on the building is expected to begin later this year and slated to finish by summer of 2018.